The latest edition of FSCS's Outlook newsletter looks at key cases within FSCS's current workload and focuses on bank and building society defaults. It also looks at how it is likely to calculate its 36 month costs and raise levies under new powers. It is currently considering responses to its July consultation on levying firms on an alternative basis, based on the greater of one-third of the next 36 months’ expected compensation costs or costs expected (or incurred) over the next 12 months from the date of the levy. (Source: FSCS Publishes Newsletter)